证券代码：601727 证券简称：上海电气 编号：临 2025-012 上海电气集团股份有限公司 董事会五届一百零八次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海电气集团股份有限公司（以下简称"公司"）于 2025 年 3 月 28 日在上海市四川中路 110 号公司会议室以现场结合通讯方式召开 了公司董事会五届一百零八次会议。应参加本次会议的董事 8 人，实 际参加会议的董事 8 人。公司监事许建国、郭浩环、袁胜洲列席会议。 本次会议由吴磊董事长主持，会议符合《公司法》和《公司章程》的 有关规定。会议审议并通过以下决议： 表决结果：8 票同意，0 票反对，0 票弃权。 本报告尚须提交公司股东大会审议。 四、公司 2024 年度利润分配预案 一、公司 2024 年度总经理工作报告 表决结果：8 票同意，0 票反对，0 票弃权。 二、关于公司 2024 年度计提减值准备的议案 同意公司 2024 年度对信用减值损失计提金额人民币 236,534 万 元，转回金额人民币 130,010 万元；对资产减值准备计 ...

上海电气集团股份有限公司 内部控制审计报告 2024年度 Ernst & Young Hua Ming LLP Level 17, Ernst & Young Tower Oriental Plaza, 1 East Chang An Avenue Dongcheng District 邮政编码: 100738 安永华明会计师事务所（特殊普通合伙） 中国北京巿东城区东长安街 1 号 东方广场安永大楼 17 层 ey.com Tel 电话·: +86 10 5815 3000 Fax 传真·: +86 10 8518 8298 内部控制审计报告 安永华明（2025）专字第70002087_B01号 上海电气集团股份有限公司 上海电气集团股份有限公司全体股东： 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况 的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内 部控制审计结果推测未来内部控制的有效性具有一定风险。 四、财务报告内部控制审计意见 我们认为，上海电气集团股份有限公司于2024年12月31日按照《企业内部控制基 本规范》和相关规定在 ...

上海电气集团股份有限公司 已审财务报表 2024年度 上海电气集团股份有限公司 目 录 | | 页 | | | | 次 | | --- | --- | --- | --- | --- | --- | | 审计报告 | | 1 | - | 1 | 0 | | 已审财务报表 | | | | | | | 合并资产负债表 | 1 | 1 | - | 1 | 3 | | 合并利润表 | 1 | 4 | - | 1 | 5 | | 合并股东权益变动表 | 1 | 6 | - | 1 | 7 | | 合并现金流量表 | 1 | 8 | - | 19 | | | 公司资产负债表 | 2 | 0 | - | 2 | 1 | | 公司利润表 | | | 2 2 | | | | 公司股东权益变动表 | | | 2 3 | | | | 公司现金流量表 | 2 | 4 | - | 2 | 5 | | 财务报表附注 | 2 | 6 | - | 188 | | | 补充资料 | | | | | | | 1.非经常性损益明细表 | | | 1 | | | | 2.净资产收益率和每股收益 | | | 2 | | | 上海电气集团股份有限公司全 ...

上海电气集团股份有限公司 独立董事 2024 年度述职报告（徐建新） （二）独立性情况 作为公司独立董事，任职期间，本人未在公司担任除独立董事以 外的其他职务。本人独立履行职责，不受公司主要股东、实际控制人 以及其他与公司存在利害关系的组织或者个人影响。不存在影响独立 性的情况。 二、独立董事年度履职概况 （一）出席董事会和股东大会会议的情况 报告期内，本人积极出席公司的股东大会、董事会。对提交董事 会审议的事项，本人在会前认真查阅相关文件资料，及时向相关部门 和人员询问详细情况，利用专业知识，独立、客观、公正地发表意见 和建议，并以严谨的态度独立行使表决权，忠实履行了独立董事的职 责，切实维护公司整体利益和全体股东尤其是中小股东的合法权益。 报告期内，本人未对公司董事会、股东大会审议通过的各项议案提出 异议。 本人作为上海电气集团股份有限公司（以下简称"公司"）独立董 事，严格按照《上市公司独立董事管理办法》、《上海证券交易所上 市公司自律监管指引第 1 号——规范运作》等法律、法规和《公司章 程》的有关规定，忠实履行独立董事职责，切实发挥独立董事作用， 现就 2024 年度履职情况报告如下： 一、独立董事 ...

上海电气集团股份有限公司 独立董事 2024 年度述职报告（杜朝辉） 本人作为上海电气集团股份有限公司（以下简称"公司"）独立董 事，严格按照《上市公司独立董事管理办法》、《上海证券交易所上 市公司自律监管指引第 1 号——规范运作》等法律、法规和《公司章 程》的有关规定，忠实履行独立董事职责，切实发挥独立董事作用， 现就 2024 年度履职情况报告如下： 一、独立董事的基本情况 杜朝辉，60岁，现任公司独立董事，上海交通大学机械与动力工 程学院院长、特聘教授，中国动力工程学会常务理事，上海市工程热 物理学会理事长。曾于日本东京大学、韩国汉城国立大学和美国伊利 诺伊香槟大学从事博士后研究和担任客座研究员，曾任上海交通大学 研究生院常务副院长、机械与动力工程学院党委书记。从事动力机械 的理论和实验研究，近五年主持过国家自然科学基金、国防基础科研 计划重大项目、国家科技重点研发计划课题、国际和企业科研合作项 目等20余项，发表论文120余篇，获批国家发明专利11项，获国家教 学成果二等奖及上海市技术发明奖一等奖等。毕业于西北工业大学， 拥有工学博士学位。 （二）独立性情况 作为公司独立董事，任职期间，本人未在公司 ...

上海电气集团股份有限公司董事会 2025 年 3 月 28 日 经核查独立董事徐建新先生、刘运宏先生和杜朝辉先生的任职经 历以及签署的《独立非执行董事之独立性自查确认报告》，上述人员 不存在影响独立董事独立性的情况，符合《上市公司独立董事管理办 法》、《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 中对独立董事独立性的相关要求。 上海电气集团股份有限公司董事会 对 2024 年度独立董事独立性情况的专项评估意见 根据《上市公司独立董事管理办法》、《上海证券交易所上市公司 自律监管指引第 1 号——规范运作》等法律法规的规定，上海电气集 团股份有限公司（以下简称"公司"）董事会就公司在任独立董事徐建 新先生、刘运宏先生和杜朝辉先生的独立性情况进行评估并出具如下 意见： ...

上海电气集团股份有限公司 独立董事 2024 年度述职报告（刘运宏） 刘运宏，48岁，现任公司独立董事，中国人民大学国际并购与投 资研究所副所长，前海人寿（上海）研究所所长，国金证券股份有限 公司独立董事，上海农村商业银行股份有限公司独立董事，华东政法 大学经济法学专业博士研究生导师。曾在国泰基金管理有限公司担任 法律合规事务主管，在上海证券交易所从事博士后研究工作，在航天 证券有限责任公司担任投资银行总部总经理，在华宝证券有限责任公 司先后担任投资银行部总经理、总裁助理。毕业于中国人民大学，持 有法学博士学位，为经济学博士后、法学博士后、研究员职称。 （二）独立性情况 作为公司独立董事，任职期间，本人未在公司担任除独立董事以 外的其他职务。本人独立履行职责，不受公司主要股东、实际控制人 以及其他与公司存在利害关系的组织或者个人影响。不存在影响独立 性的情况。 二、独立董事年度履职概况 本人作为上海电气集团股份有限公司（以下简称"公司"）独立董 事，严格按照《上市公司独立董事管理办法》、《上海证券交易所上 市公司自律监管指引第 1 号——规范运作》等法律、法规和《公司章 程》的有关规定，忠实履行独立董事职责， ...

Financial Performance - Total revenue for 2024 reached RMB 116.186 billion, an increase of 1.2% year-on-year[3] - Profit attributable to shareholders for 2024 was RMB 0.752 billion, up from RMB 0.285 billion in the previous year, with a restated profit of RMB 0.803 billion[3] - Basic earnings per share for 2024 were RMB 0.048, compared to RMB 0.018 (restated) in the previous year[3] - Total operating revenue for the year ended December 31, 2024, was RMB 116,186,116 thousand, an increase of 1.2% from RMB 114,797,077 thousand in 2023[6] - Net profit for the year ended December 31, 2024, was RMB 2,695,410 thousand, slightly up from RMB 2,673,117 thousand in 2023, reflecting a growth of 0.8%[6] - Total comprehensive income for the year was RMB 2,739,374 thousand, slightly up from RMB 2,721,867 thousand in 2023, showing an increase of 0.6%[7] - The total profit for the fiscal year 2024 was RMB 3.739 billion, slightly down from RMB 3.813 billion in 2023[26] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 302.505 billion, up from RMB 286.165 billion in the previous year[4] - Current assets totaled RMB 203.789 billion, an increase from RMB 191.914 billion in the previous year[4] - Total liabilities increased to RMB 225.125 billion from RMB 206.311 billion year-on-year[5] - Cash and cash equivalents rose to RMB 32.569 billion from RMB 30.252 billion year-on-year[4] - Accounts receivable as of December 31, 2024, totaled RMB 55,196,640 thousand, a decrease from RMB 58,427,795 thousand in 2023, representing a decline of about 5.0%[16] - The provision for bad debts decreased to RMB 17,649,203 thousand from RMB 17,949,869 thousand, showing a reduction of approximately 1.7%[16] - The company's accounts payable increased to RMB 60,569,875 thousand from RMB 59,610,479 thousand, marking an increase of about 1.6%[17] - The overdue accounts payable exceeding one year amounted to RMB 9,862,544 thousand, compared to RMB 9,679,202 thousand in 2023, indicating an increase of approximately 1.9%[18] Revenue Segmentation - Main business income reached RMB 109,436,027 thousand, up from RMB 108,096,600 thousand in the previous year, indicating a growth of about 1.2%[21] - The energy equipment segment generated revenue of RMB 61.758 billion, a 5.3% increase year-on-year, driven by favorable domestic coal power policies[43] - The industrial equipment segment reported revenue of RMB 38.649 billion, a decline of 4.3% year-on-year, primarily due to the impact of the real estate sector on elevator business[43] - The integrated services segment achieved total revenue of RMB 20.735 billion, a decrease of 3.0% compared to the same period last year, primarily due to a decline in engineering project sales[44] Research and Development - Research and development expenses increased to RMB 5,664,514 thousand in 2024, compared to RMB 5,369,294 thousand in 2023, marking a rise of 5.5%[6] - The company’s research and development efforts continue to focus on new technologies and products, although specific figures were not disclosed in the provided content[20] - The company has increased R&D investment and established partnerships with domestic universities and research institutions to foster innovation and technology transfer[36] Strategic Initiatives - The company operates in sectors including energy equipment, industrial equipment, and integrated services, focusing on innovation and market expansion strategies[9] - The company focused on integrating into national strategies and optimizing industrial development, actively participating in key national projects[31] - The company plans to focus on green and low-carbon transformation across its core industries, actively expanding into energy storage technologies[38] Dividends and Shareholder Actions - The company proposed not to distribute a final dividend for the fiscal year 2024[3] - The board recommended not to distribute a final dividend for the year ending December 31, 2024, pending shareholder approval[68] - The company has not repurchased or redeemed any of its listed securities during the reporting period[65] Compliance and Governance - The board of directors confirmed compliance with the Hong Kong Listing Rules, but noted deviations from certain governance codes[62] - The audit committee reviewed and confirmed the audited financial statements for the year ending December 31, 2024, without objections to the accounting policies used[67] Acquisitions and Investments - The company completed the acquisition of 2,637 production equipment units for RMB 277.207 million[56] - The company acquired 100% equity of Ning Sheng Industrial Co., Ltd. for RMB 3.082 billion, after adjusting for profit distribution[57] - The acquisition of 4.4415% equity in Shanghai Jiyou Machinery Technology Co., Ltd. was terminated after failing to pass the shareholders' meeting[55] Operational Highlights - The company secured new orders totaling RMB 153.6 billion during the reporting period, with RMB 89.1 billion from energy equipment and RMB 42.29 billion from industrial equipment[30] - The company successfully completed the assembly and ignition of the domestically developed 300MW F-class heavy-duty gas turbine prototype, contributing to national strategic projects[31] - The company achieved 100% localization capability for the main pump of the Hualong series nuclear reactor and initiated mass production of turbine blades for heavy-duty gas turbines[31] - The company launched the world's largest 10MW wind turbine and the first 16MW offshore low-frequency unit, catering to high-capacity offshore wind power needs[35] Financial Ratios and Metrics - The company's total bank and other borrowings and bonds amounted to RMB 46.786 billion as of December 31, 2024, an increase of RMB 739 million from the beginning of the year[48] - The debt ratio of the company was 41.97%, up 1.30 percentage points from the beginning of the year[51]

Financial Performance - Total operating revenue for 2023 reached RMB 116.19 billion, a 1.2% increase from RMB 114.80 billion in 2022[18]. - Net profit attributable to shareholders was RMB 752.48 million, down 6.3% from RMB 803.35 million in the previous year[18]. - Cash flow from operating activities increased significantly by 127.3% to RMB 17.64 billion compared to RMB 7.76 billion in 2022[18]. - Total assets grew by 5.7% to RMB 302.50 billion from RMB 286.17 billion at the end of 2022[18]. - The company reported a decrease in net assets attributable to shareholders by 4.6% to RMB 53.19 billion from RMB 55.73 billion at the end of 2023[18]. - The company achieved total operating revenue of RMB 116.186 billion, with a gross margin of 18.6%[26]. - The net profit attributable to shareholders was RMB 752 million, resulting in a basic earnings per share of RMB 0.048[26]. - The company reported a net cash flow from operating activities of RMB 17.614 billion in the fourth quarter[21]. - The company experienced a decrease in diluted earnings per share by 7.7% compared to the previous year[19]. - The company’s net profit after deducting non-recurring gains and losses was RMB -119.582 million in the first quarter[21]. Strategic Plans and Development - The company plans not to distribute profits for the 2024 fiscal year, pending shareholder approval[3]. - The company plans to continue focusing on high-quality development and enhancing core competitiveness in response to market challenges[26]. - The company plans to focus on high-quality development and core competitiveness, aligning with national strategies and enhancing industrial capabilities by 2025[38]. - The company aims to enhance its core competitiveness and achieve high-quality development by focusing on high-end, green, and intelligent equipment[104]. - The company plans to significantly expand its "wind-solar-storage-hydrogen" core equipment industry to support the transition to a new power system[104]. - The company is committed to aligning its development strategies with national policies and regional development plans[106]. - The company is actively participating in the national energy transition strategy to build a new power system dominated by renewable energy, enhancing its core competitiveness[109]. Acquisitions and Investments - The acquisition of 100% equity in Ning Shen Industrial by Shanghai Electric Automation Group was completed, with net profits of RMB 520 million and RMB 300 million for 2023 and 2024 respectively[18]. - The company completed the acquisition of a 48.18% stake in Shanghai Electric Industrial Co., Ltd. for a total consideration of RMB 10.004 billion[97]. - The company plans to acquire the equity of Shanghai Ningsheng Industrial Co., Ltd. held by Shanghai Electric Holding Group Co., Ltd.[120]. - The company is focusing on expanding its market presence through strategic acquisitions and partnerships, as evidenced by recent proposals[120]. Research and Development - The total R&D investment for the reporting period amounted to 5.694 billion yuan, representing 4.9% of the operating revenue[74]. - The company has 3,925 R&D personnel, accounting for 9.75% of the total workforce[72]. - The company is advancing its research and development efforts, establishing a key laboratory focused on resource thermal conversion and recycling, aligned with national carbon neutrality goals[32]. - The company is investing in R&D, with a budget increase of G% aimed at developing next-generation products and technologies[127]. Market and Product Development - The company secured new orders totaling RMB 153.6 billion during the reporting period[26]. - New orders in energy equipment amounted to RMB 89.1 billion, including RMB 32.62 billion for coal-fired power equipment and RMB 7.89 billion for nuclear power equipment[26]. - The company launched the world's largest 10MW wind turbine and the first 16MW offshore low-frequency unit, catering to high-capacity and offshore wind power needs[31]. - The company is actively expanding its market presence in aviation and intelligent transportation, securing contracts for aircraft assembly lines and smart transportation systems[29]. - The company is enhancing its service capabilities in the gas turbine lifecycle, marking the successful completion of its first major overhaul project, which strengthens its technical service capacity[50]. Environmental and Social Responsibility - The company invested 84.21 million yuan in environmental protection during the reporting period[162]. - Total investment in social responsibility projects reached 5.131 million yuan in 2024, focusing on donations and public welfare[176]. - The company allocated 900,000 yuan for poverty alleviation and rural revitalization projects in 2024, supporting various initiatives[176]. - The company has established an emergency response plan for environmental incidents, ensuring compliance with national regulations[171]. Governance and Compliance - A standard unqualified audit report was issued by Ernst & Young Hua Ming Accounting Firm[6]. - The company has established a governance structure that includes a board of directors, supervisory board, and management team, ensuring effective operation and compliance with regulations[114]. - The company has not faced any significant differences in governance practices compared to regulatory requirements[114]. - The company has conducted multiple shareholder meetings in 2024, all of which passed resolutions without any objections[114]. Risk Management - The company faces significant risks including market fluctuations, raw material price volatility, and foreign exchange risks[5]. - The company is strengthening its risk management and monitoring of overseas projects due to rising labor and material costs influenced by macroeconomic and geopolitical uncertainties[111]. - The company is increasing the use of hedging tools to manage foreign exchange risks associated with its export and import contracts[110]. Legal Matters - The company is facing significant litigation involving its subsidiary, Shanghai Electric Communication Technology Co., which has filed lawsuits against multiple parties for payment and damages totaling approximately RMB 545.08 million[188]. - The company has been involved in multiple legal proceedings, with several cases currently on hold pending the outcomes of related cases[188]. - The company signed a supply and service contract with Reliance Infra Projects (UK) Limited worth $1.311 billion for a large coal-fired power plant project in India[189].

证券代码：601727 证券简称：上海电气 编号：临 2025-014 上海电气集团股份有限公司 关于计提减值准备的公告 1、信用减值损失 2024 年公司计提的信用减值损失主要是应收票据坏账损失、应 收账款坏账损失、其他应收款及长期应收款坏账损失。 1 公司信用减值损失的确认依据及计算方法为： 根据《企业会计准则第 22 号——金融工具确认和计量》，对于以 摊余成本计量的金融资产、以公允价值计量且其变动计入其他综合收 益的债务工具投资、合同资产、应收融资租赁款、财务担保合同和贷 款承诺等，以预期信用损失为基础确认损失准备。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2025 年 3 月 28 日，上海电气集团股份有限公司（以下简称"公 司"或"本公司"）董事会五届一百零八次会议审议通过《关于公司 2024 年度计提减值准备的议案》，具体情况如下： 一、计提减值准备情况概述 为客观、公允地反映公司 2024 年度财务状况和经营状况，按照 《企业会计准则》的相关规定，公司对截至 2024 年 12 月 31 日的各 类资产 ...